Real Estate Investment Trust (REIT)

An investment trust specialised in investing in commercial property such as parking garages or GP offices.

An investment trust specialised in investing in commercial property such as parking garages or GP offices.

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OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.
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Geometric Mean Return

A way of calculating compound returns on an investment or savings over a set period of time.
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Junk Bond

A form of debt investment that carries higher risk because of the likelihood that the issuer will default.
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Depository

We look at what is a depository and what role they play in keeping markets work.
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Stock Market

A place where shares of publicly listed companies are traded.
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Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.
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Professional Client

An investor that is able to meet several regulatory criteria.
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Forward pricing

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.
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Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.
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